Unleashing Leadership Potential: The Impact of Training and Development

In today's rapidly evolving business landscape, the need for continuous learning among executives cannot be overstated. Staying ahead of the game is not just about keeping up with trends; it's about being proactive in enhancing one's skill set to lead effectively in an uncertain future.

But how effective is leadership training and development?

A meta-analysis of 335 studies of leadership training, undertaken by Christina Lacerenza and her team and published in 2017, found that training was linked to a 25% increase in learning, a 28% increase in on-the-job behaviours, and a 25% increase in organization level outcomes (such as higher profits and lower costs, turnover, and absenteeism). In other words, training led to significant increases in leadership knowledge, skills and abilities. In an older study of 575 US-based publicly traded companies, the Association for Training and Development (at the time the ASTD) found that companies which invest an average of $1595/employee in training experienced a 24% increase in gross profit margins.

In other words, leadership training and development has a significant ROI when done properly.

The World Economic Forum Report on the Future of Work 2023 identifies the top 10 upskilling and reskilling needs which leaders will require over the next five years.? Among these are:

• analytical thinking,
• creative thinking,
• leadership and social influence,
• resilience, flexibility and agility,
• curiosity and lifelong learning,
• motivation and self-awareness, and
• empathy and active listening,

all skills that are not innate but can be developed through targeted learning strategies.

To develop and cultivate these essential skills, executives have a number of learning strategies. Among these, masterclasses and workshops offer immersive experiences when combing content with peer learning.? Combining this with executive coaching provides a personalized approach to developing leadership capacity by supporting the leader in applying their learning to their specific circumstances.

Such an approach is also synergistic: research quoted by Oliviero, Bane and Copeland found that training improved productivity by 22% which jumped to 88% when combined with coaching.

It is in this spirit that we are offering a number of open masterclasses combined with coaching aimed at developing and cultivating these essential skills which are increasingly needed by leaders:

• 18 April 2024 | From Good to Great: Leading with Emotional Intelligence
• 25 April 2024 | Making Meetings Count
• 09 May 2024 | The Good Fight: Managing Conflict
• 29 May 2024 | Managing your Time to decrease Stress and Overwhelm
• 13 June 2024 | Building High Performance Teams

Each 3-hour masterclass is designed around a small number of participants to engage them through activities that increase self-awareness and peer learning and include a one-to-one coaching session as follow-up to support them in applying their learning to their specific environment and circumstances. (Just click on the links above for more information about each masterclass).

Keep in mind that leadership development isn't confined to the boardroom. It permeates every layer of the organization. When leaders evolve, teams thrive, and organizational culture transforms. It's a ripple effect that extends far beyond training rooms and workshops. It’s a mindset, where embracing continuous learning is not just beneficial; it's imperative for staying competitive.

Feel free to schedule a free consultation session to explore how we can support you in your corporate training and development needs using https://bit.ly/MarioCassar .